<br />
14 | Sector Market Update: Hardwood<br />
summary<br />
■ There is a huge backlog of timber at<br />
Douala in Cameroon<br />
■ The UK hardwood trade is less<br />
bullish than six months ago<br />
■ Prices are rising because of supply<br />
constraints and growing global<br />
demand<br />
■ The TTF staged a European Oak<br />
Conference in London in mid-April<br />
■ Accoya is making inroads into<br />
market share<br />
SUpply and<br />
deMand SqUeeze<br />
The UK hardwood sector is caught between a more cautious<br />
market and global supply constraints. Mike Jeffree reports<br />
Top: European mills are pressing for action<br />
on log drain, notably to China<br />
Above: Hardwood piles up at Doula<br />
TTJ | May 2018 | www.ttjonline.com<br />
“Companies are paying money for their<br />
timber to go nowhere.”<br />
That’s how one hardwood trader described<br />
the situation at the key West African export<br /> <a title="TTJ May 2018 - 5pages page 1" href="https://secure.viewer.zmags.com/publication/f52ea8f8?page=1"> 14 | Sector Market Update: Hardwood summary ■</a>
<a title="TTJ May 2018 - 5pages page 2" href="https://secure.viewer.zmags.com/publication/f52ea8f8?page=2"> </a>
<a title="TTJ May 2018 - 5pages page 3" href="https://secure.viewer.zmags.com/publication/f52ea8f8?page=3"> 16 | Sector Market Update: Hardwood ◄ domesti</a>
<a title="TTJ May 2018 - 5pages page 4" href="https://secure.viewer.zmags.com/publication/f52ea8f8?page=4"> Sector Market Update: English Woodlands | 17 Oak</a>
<a title="TTJ May 2018 - 5pages page 5" href="https://secure.viewer.zmags.com/publication/f52ea8f8?page=5"> 18 | Sector Market Update: English Woodlands </a>